Department of Energy announces $24 M for algal biofuels research

June 28, 2010

By hammersmith

[Source: US Department of Energy] – The U.S. Department of Energy (DOE) announced today the investment of up to $24 million for three research groups to tackle key hurdles in the commercialization of algae-based biofuels. The selections will support the development of a clean, sustainable transportation sector—a goal of the Department’s continued effort to spur the creation of the domestic bio-industry while creating jobs. Developing cost-effective renewable transportation fuels is a key component of the Administration’s strategy to cut greenhouse gas emissions and move the nation toward energy independence.

For more information: Department of Energy Announces $24 Million for Algal Biofuels Research